M&A Deal Summary

OMERS Infrastructure and APG Asset Management Acquire Kenter

On July 3, 2023, infrastructure investor OMERS Infrastructure and asset manager APG Asset Management acquired energy services and equipment company Kenter from Alliander

Acquisition Highlights
  • This is OMERS Infrastructure’s 9th and APG Asset Management’s 1st transaction in the Energy Services and Equipment sector.
  • This is OMERS Infrastructure’s 2nd and APG Asset Management’s 3rd transaction in the Netherlands.

M&A Deal Summary

Date 2023-07-03
Target Kenter
Sector Energy Services and Equipment
Buyer(s) OMERS Infrastructure
APG Asset Management
Sellers(s) Alliander
Deal Type Divestiture

Target

Kenter

Duiven, Netherlands
Kenter is an energy infrastructure solutions business providing medium-voltage infrastructure (including transformers and switchgear), meters, battery storage, EV charging and heating solutions to over 28,000 commercial and industrial business. Kenter was founded in 2016 and is based in Duiven, Netherlands.

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Buyer(S) 2

Buyer

OMERS Infrastructure

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 1990
PE ASSETS 36.0B CAD
Size Mega
Type Sector Focused
DESCRIPTION

OMERS Infrastructure is the infrastructure investment arm of Canadian pension plan OMERS. OMERS targets 'large-scale' infrastructure investments valued in excess of $1 billion where the firm can commit at least $200 million of equity capital. Prospective opportunities generally possess significant governmental or regulatory barriers to entry, as well as stable cash-flows linked to long-term contracts. Specific areas of interest include energy (generation, transmission and distribution networks), transportation (transportation gateways, rail corridors, ports and airports), institutional facilities (hospitals, long-term care facilities and schools), and government-regulated services (laboratory diagnostic services, satellite and other communications networks and land registry services). OMERS was formed in 1990 and is based in Toronto.


DEAL STATS #
Overall 53 of 54
Sector: Energy Services and Equipment M&A 9 of 9
Type: Divestiture M&A Deals 4 of 4
Country: Netherlands M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 CannAmm

Edmonton, Alberta, Canada

CannAmm is a provider of drug and alcohol testing and occupational health services in Canada. CannAmm was founded in 1995 and is based in Edmonton, Alberta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-29 NET4GAS

Nusle, Czech Republic

NET4GAS is the exclusive gas Transmission System Operator ("TSO"). N4G operates more than 3,800 km of pipelines providing international transit of natural gas across domestic transmission of natural gas to its partners transporting 45 billion m3 of natural gas annually. NET4GAS is based in Nusle, Czech Republic.

Sell -
DESCRIPTION

APG Asset Management is a multi-asset Dutch investment management firm focused on managing and providing investment programs for pension funds. APG Asset Management is based in Amsterdam with additional offices in New York City and Hong Kong.


DEAL STATS #
Overall 9 of 9
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Netherlands M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-18 Groendus

Utrecht, Netherlands

Groendus is an operator of a sustainable energy business that helps business customers on their way to 100% clean energy through a combination of smart savings, self-generation and direct purchase and sale of sustainable energy. Groendus was founded in 2021 and is based in Utrecht, Netherlands.

Buy -

Seller(S) 1

SELLER

Alliander

Arnhem, Netherlands

Category Company
Sector Utilities
DESCRIPTION

Alliander is an energy network company and is responsible for the energy supply of 3.3 million customers. Alliander are experts in developing, maintaining and managing highly reliable energy networks, making energy flows across those networks transparent, so that suppliers and customers can find each other freely and helping customers to switch to sustainable forms of energy. Alliander is based in Arnhem, Netherlands.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2023 M&A 1 of 1